Modules

An Introduction to Superyacht Project Management – Refit & Newbuilding

• Introduction
• General background to the superyacht industry – a little bit of history
• International regulation of shipping (which includes superyachts)
• Flag states
• Classification societies and the role of class
• Different levels of regulation
• Routine maintenance or planned maintenance and refit
• Refit preparation
• The refit tender process and contract award
• The refit yard period
• Design, contract and tender
• Construction new building
• Builders and yards
• Superyacht builders

Accountancy and Payments

• Financial policy
• Bookkeeping
• Accountancy
• Budgeting
• Costing
• Cash management
• Internal controls and risk assessment
• Auditing
• Value Added Tax (VAT) and The European Union
• Corporate ownership
• Anti-money laundering
• Payment terms and stage payments
• Disagreements

Project Management

• Basics of project management
• Starting – beginning and controlling a project
• Understanding the four phases of a project
• General management of a project
• The basic mechanisms involved in project management
• Creating and maintaining schedules
• Managing the team
• Project manager – health & safety responsibilities
• Agile Project Management (APM)
• Why successful projects can fail
• And finally…

Project Completion and Acceptance

• Introduction
• Main project activities
• Activities related to acceptance and completion
• Acceptance
• ‘Completion’
• Warranty & guarantee period
• Issues, configuration and quality management
• Change control
• Project library
• Reading list

Change Orders

• Introduction
• Common causes of change orders
• Change orders and PC sums
• Dealing with PC sums and subcontractors
• Time and material change orders
• Change orders in the refit or new build
• The modifications and changes clause further explained
• The change order form further explained
• The making of the actual change order
• Record keeping of the change orders
• Change orders that do not have consequences
• Communication with the owner
• Payments of the agreed change orders
• After a change order is approved
• In case a change order is not agreed
• Documentation/reference list

Build Process & Building the Yacht

• Introduction
• Planning & pre-project work
• The hull, deck & superstructure
• Engineering & systems
• Superyacht interiors
• Painting & coatings
• Toys & recreational equipment
• Masts, spars, rigging & sails
• Safety equipment & safety systems
• Completion
• The build to cruising transition

Re-fit Process and Refitting the Yacht

• Introduction
• Initial requirements
• Refitting the hull & superstructure
• Engines & engineering
• On-board systems
• Refitting the interior
• Masts, spars, rigging & sails
• Painting, coatings & varnishing
• Toys & recreational equipment
• Audio visual & safety equipment
• Safety management systems & completion

Managing Expectations

• Introduction
• Roles and responsibilities
• Managing expectations
• Communication
• Reporting
• Meetings and feedback
• Quality control and assurance
• Preparation guidelines

Contracts

Legal concepts

• Introduction to English law
• The Law of Contract
• The Law of Tort (Negligence)
• Liability in Contract and Yort
• Responsibilities

Maritime Law and the flag state

• Admiralty Law and jurisdiction
• International Maritime Law
• Governmental control of shipping (UK)

The yacht repair/refit contract

• Pre-contract considerations
• Contract standard forms
• Ship conversion contract

Health and safety and employment

• Employment
• Major yacht refit yards
• Table of cases

Documentation

New Build and Refit

• Introduction

New Build Phase

• New Build documentation
• Build process documentation
• The importance of a paper trail
• The role of the class and flag surveyors in the process
• Documentation of disagreements
• Quality control
• Stage payment

Refit

• Overview
• The list of works
• Who needs it?
• Pre Refit
• During the Refit
• The next Refit